Pakistan’s Bank Deposits-to-GDP Ratio Drops to Lowest Level Among Peers: SBP
Pakistan’s deposits-to-GDP ratio has dropped to its lowest among peer economies despite record financial inclusion, according to SBP. Weak deposit growth, inflation, taxation, and religious factors are driving savers toward alternative assets, raising concerns about long-term investment financing and financial stability.
HBL Partners with NCCPL to Pioneer Bank Integration in Pakistan’s Capital Markets
HBL becomes the first bank in Pakistan to collaborate with NCCPL, setting a new benchmark for commercial bank involvement in the capital markets through digital finance, Margin Trading, and CGT services.
PBA Leads Pakistan’s Banking Sector with Focus on Inclusion and Strategic Reforms
Pakistan Banks’ Association (PBA), under the leadership of Muneer Kamal, reinforces its mission to build an inclusive banking ecosystem by driving policy reforms and strategic collaborations across the financial sector.
PBA Chairman Zafar Masud Calls for Urgent Tax Reforms to Ease Pressure on Pakistan’s Banking Sector
Zafar Masud, Chairman of the Pakistan Banks’ Association, stresses the critical need for tax reforms and a broader tax base to relieve mounting pressure on banks and secure Pakistan’s long-term economic resilience.
NIBAF Delivers Three-Week Compliance Program for Askari Bank Officers to Enhance AML and CFT Expertise
NIBAF successfully completed a three-week specialized compliance training for Askari Bank officers in Islamabad, focusing on AML, CFT, regulatory compliance, and global standards.
NIBAF Strengthens Islamic Banking Skills Through Certification Program for Bank Alfalah
NIBAF successfully conducted an Islamic Banking Certification Program for Bank Alfalah officers in Karachi, led by Mufti Muhammad Najeeb Khan, reinforcing expertise and collaboration in Islamic finance.
VIS Raises Faysal Bank’s Credit Ratings to ‘AA+’, Citing Robust Islamic Banking and Financial Strength
VIS Credit Rating Company upgrades Faysal Bank’s ratings to ‘AA+/A1+’, highlighting strong Islamic banking growth, digital strategy, asset quality, and a stable financial outlook.
HBL Extends Branch Banking Hours Across Pakistan to Enhance Customer Convenience
Habib Bank Limited has announced extended banking hours across 153 branches nationwide, aiming to provide greater convenience to customers and support Pakistan’s growing financial needs.